Preheat oven to 350 F. Lightly grease a 9x13 inch baking pan.
Combine sugar, nuts and cinnamon in a small bowl.
Place a sheet of phyllo dough on a 15x12 inch piece of wax paper and brush with butter. Place second piece of phyllo on top, brushing with butter as well. (Keep remaining phyllo covered with a damp towel to keep it from drying out.)
Sprinkle phyllo with 1/4 cup of nut mixture. Using the wax paper, roll up tightly, jelly roll style, starting with the long side, removing paper as you roll.
Slice roll into 4 smaller rolls; transfer rolls to the greased baking dish. Repeat procedure with remaining ingredients.
Bake until light brown (14 - 16 min.)
Cool dish on a wire rack.
While rolls are baking, combine all syrup ingredients in a saucepan and bring to boil. Reduce heat and simmer 5 minutes.
Cool 10 minutes. Drizzle cinnamon rolls with syrup and sprinkle with any remaining nut mixture.